Saturday August 15, 2020

Warning signs linger despite clean bill of health for banks

You can’t help wondering if Irish banks will behave like those smokers who take a clean bill of health from their doctors as licences to continue their bad habit.

12th August, 2006

You can’t help wondering if Irish banks will behave like those smokers who take a clean bill of health from their doctors as licences to continue their bad habit.

The International Monetary Fund is the doctor that has described the Irish financial system as healthy, following a routine check-up. The IMF says the Irish financial system is well-capitalised and profitable, non-performing loans are extremely low by international standards, and the economic outlook remains...

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